Export

India Arrests Downslide In November Garment Exports

Textile Insights December 22, 2023

After a long period of decline due to various global challenges, Indian garment exports increased 11.7 percent, from a year ago month to US $1.2 billion in November 2023. “Exports of garments from India have witnessed a rough patch in the past few months,” Apparel Export Promotion Council

Export

Pakistani Textile Exports Continue Downward Slide In Nov

Textile Insights December 20, 2023

Pakistani exports of textiles continued their downward slide where they stood at US $1.37 billion in November 2023, down 3.51 percent year on year and also down 5.43 percent month on month. In the first five months of fiscal 2023-24 ending November 2023, textile exports from Pakistan amounted to $6.9 billion, a drop of 10.14 […]

Export

Bangladesh Topples China From Top Spot In EU Knitwear Imports

Textile Insights December 20, 2023

For the first time in knitwear clothing imports, EU’s import from Bangladesh has exceeded the share of any other country during the first nine months of 2023, both in value and volume. Between January and September, EU’s knitwear import from Bangladesh amounted to US $9 billion as against $8.96 billion from China in value. While, […]

Export

Philippine Garment Exports Forecast To Grow 2% In 2024

Textile Insights December 19, 2023

Philippines exports of clothing are expected to grow 2 percent in 2024 and reach US 1.33 billion. “The garment export industry needs to expand to newer markets to boost growth,” a statement from the Foreign Buyers Association of the Philippines (FOBAP) informed. FOBAP President Robert Young said that next year would not be an easy […]

Export

Chinese Textile & Apparel Exports Down By Just 1.69% In Nov

Textile Insights December 15, 2023

In the month of November 2023, exports of Chinese textile and clothing stood at US $23.665 billion, a marginal fall of 1.69 percent, data from Chinese Customs informed. Of this, exports of textiles totaled $11.120 billion, down by just 0.46 percent, while that of apparels reached $12.545 billion, a drop of 2.76 percent from a […]

Export

Bangladesh Garment Exports To US Plunge 24.75% In Jan To Oct

Textile Insights December 15, 2023

In the first ten months of 2023, Bangladesh’s garment exports to the US totaled US $6.35 billion plunging by 24.75 percent year on year. In volume terms, apparel overseas shipments to the US between January and October dropped higher at 29.51 percent to 1.95 billion square metres from 2.41 billion square metres in the same […]

Export

UK & EU FTA’s Will Be Game Changers: AEPC Chairman

Textile Insights December 13, 2023

The Apparel Export Promotion Council (AEPC) Chairman Narendra Goenka has expressed enthusiasm regarding the proposed free trade agreement with both the United Kingdom and the European Union. “The FTA will be a game changer for the industry,” Goenka said, while emphasising the significant advantages the agreement would offer apparel exporters. Goenka informed that talks

Export

Panipat Yarn Production Slumps 50% From Export Slowdown

Textile Insights December 13, 2023

With a slowdown in Indian textile finished product exports, the yarn industry in Panipat, is also experiencing a crisis, due to which spinning mills have reduced production by 50 percent. Around 40 lakh kg yarn was being produced in Panipat, which due to a poor demand from overseas markets; production has now slumped to 20 […]

Export

If US Imposes Sanctions, Garment Buyer Will Not Take Delivery

Textile Insights December 12, 2023

A US based fashion garment buyer has issued a letter of credit (LC) to a Bangladesh garment exporter, with the condition, that it will not pay the amount or take delivery, if US enforces sanctions on Bangladesh. As per Prothomolo, this development was confirmed by Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters […]

Export

Pakistan Textile Sector Drafts Plan To Reach $50bn In Exports

Textile Insights December 12, 2023

The Pakistan textile industry has submitted an ambitious plan to the government to achieve a US $50 billion export target in textile and apparel exports. The industry has submitted a list of recommendations for removing barriers and providing incentives to reach the target to the Export Advisory Council for Textiles. In a presentation, the industry […]